SHIFTING LANDSCAPE USHERS IN A NEW ERA FOR GLOBAL OIL AND GAS MARKETS

SHIFTING LANDSCAPE USHERS IN A NEW ERA FOR GLOBAL OIL AND GAS MARKETS

18 June, 17:00–18:15

A decrease in demand for energy coupled with structural changes in supply as well as shifts in the political climate have altered prices and impacted investment and extraction strategies worldwide. What does this mean for the sector over the medium and long term?












Broadcast

Key moments

In general, we are bullish on gas. Gas will continue to grow faster than oil.
Ben van Beurden
The Arctic can and probably will play a very significant role in the future supply of oil and gas.
Ben van Beurden
I believe that a price of USD 75–80 per barrel will satisfy both producers and consumers in a year’s time.
Alexander Dyukov
The devaluation of the Russian currency has created new opportunities for both the Russian economy and the domestic oil and gas sector.
Alexander Novak
We have [one more] moral obligation. That is to provide affordable energy to the many people in the world who currently don’t have access to it.
Ben van Beurden
A price of USD 50 or 60 per barrel does not frighten oil companies at all given their growing operating efficiency and the weakening of the rouble, as well as a tax regime that enables us to be efficient even when prices are low.
Alexander Dyukov